Clydesdale Bank boss named chairman of Scottish Financial Enterprise

EMMA NEWLANDS

Published:18:59Wednesday 01 June 2016

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Scottish Financial Enterprise (SFE) has named Jim Pettigrew as its forthcoming chairman, replacing Sir Ewan Brown who is retiring from the role.

Pettigrew is currently chairman of Clydesdale Bank’s parent group CYBG, and recently came to the end of his 12 months as president of the Institute of Chartered Accountants of Scotland (ICAS), handing the reins over to Ken McHattie, chair of onshore energy company Aurora Petroleum.

Edinburgh-based SFE said Pettigrew brings more than 30 years’ experience to his new position, including group finance director at electronic broker ICAP and chief executive of spread-betting firm CMC Markets.

Brown said: “Jim has worked across a range of financial services sectors and the expertise he brings with him will be tremendously valuable to the work of SFE.

“It is a time of fast-paced change in financial services and the landscape in which we are operating, both in Scotland and internationally, is constantly evolving. With this in mind, we have embarked on a number of new initiatives at SFE to bring together a shared strategic direction for the industry in Scotland and its part in society.

“It is, therefore, an excellent time for Jim to join and help shape this vision for the future. I wish him well and I am confident that under his leadership, the SFE board, together with chief executive Graeme Jones, will continue to successfully represent and support Scottish financial services.”

Pettigrew said financial services is a “hugely important” sector for Scotland, and he added: “I feel privileged to have this opportunity to play a part in supporting and promoting the industry.

“I look forward to working with Graeme and SFE members to develop a shared vision, which places the industry’s role in society and serving customers, firmly at its centre.”

Clydesdale is a member of SFE and launched on the stock market in February. Pettigrew takes up the post on 1 July.